CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Rodney Christo Sells 5,846 Shares

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) CAO Rodney Christo sold 5,846 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $9.15, for a total transaction of $53,490.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Rodney Christo also recently made the following trade(s):

• On Monday, March 3rd, Rodney Christo sold 20,077 shares of CCC Intelligent Solutions stock. The shares were sold at an average price of $10.20, for a total value of $204,785.40.

CCC Intelligent Solutions Stock Performance

CCC Intelligent Solutions stock opened at $9.19 on Wednesday. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $8.83 and a 52-week high of $12.88. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. The stock has a fifty day moving average price of $10.37 and a two-hundred day moving average price of $11.07. The firm has a market capitalization of $6.04 billion, a P/E ratio of 459.73 and a beta of 0.73.

CCC Intelligent Solutions declared that its Board of Directors has initiated a stock repurchase plan on Friday, December 20th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to purchase up to 4% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On CCC Intelligent Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC bought a new position in shares of CCC Intelligent Solutions in the fourth quarter valued at approximately $25,000. UMB Bank n.a. acquired a new stake in CCC Intelligent Solutions during the 4th quarter valued at $28,000. TD Private Client Wealth LLC bought a new position in CCC Intelligent Solutions in the 4th quarter valued at $31,000. Advisors Asset Management Inc. boosted its stake in CCC Intelligent Solutions by 153.0% in the third quarter. Advisors Asset Management Inc. now owns 2,859 shares of the company’s stock worth $32,000 after purchasing an additional 1,729 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of CCC Intelligent Solutions during the fourth quarter worth $36,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. cut CCC Intelligent Solutions from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $14.00 to $11.00 in a research report on Wednesday, February 26th. Piper Sandler reissued a “neutral” rating and issued a $11.00 price target (down previously from $13.00) on shares of CCC Intelligent Solutions in a report on Wednesday, February 26th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Monday, February 24th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.14.

About CCC Intelligent Solutions

CCC Intelligent Solutions Holdings Inc, operates as a software as a service company for the property and casualty insurance economy in the United States and China. The company's cloud-based software as a service platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflow across the insurance economy, including insurers, repairers, automakers, parts suppliers, lenders and more.